The reason to be selective with realtors for flips is they can give you a good idea of what the after renovation value will be.

I was hoping you'd chime in.The additional reason 3) costs so much is because (according to the engineer), in order for it to be code compliant I will need to add an additional bracing wall underneath the house parallel the short side.

I found this to be helpful in the beginning, hopefully you will aswell ...acceleration clauseA clause in your mortgage which allows the lender to demand payment of the outstanding loan balance for various reasons.

Questions:-Is this a fair and simple structure - Do these plans usually balloon after a given term (ie 5 years)- Are we within reason to charge an acquisition fee and ongoing asset mgmt fee?

The reason being there is not really a "margin of safety" of only $40,000.   

Second to trusting the person, another huge reason I do it is because first timers typically take far less out of the deal than an experienced person would. 

What are some ideas for tapping into that -- which would include reasonable terms (not interested in hard money, e.g.)?

Any reason in particular?

Main reason he reached out to me to sell the property was because HomeUnion was exiting the property management business.

Reason I am asking is because I am looking at one right now and I want to ask for the correct information that an investor would want before I try and wholesale it.